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I don't see why they would be denominated in BTC, given that BTC will be legal tender alongside USD, and USD is a much more stable currency. Making it a legal
by SamBam 5y ago
I don't see why they would be denominated in BTC, given that BTC will be legal tender alongside USD, and USD is a much more stable currency.
Making it a legal currency won't even force anyone to accept it. As far as I understand, it will simply mean that the government will accept payments in BTC.
- chii 5y ago> the government will accept payments in BTC. The telling thing would be what the gov't pays in (e.g., for tax returns). Do they pay you back in BTC? or fiat?
- adrianN 5y agoSeeing how not being able to print more money when you need it worked out for the government of e.g. Greece, I would be surprised if El Savlador chooses BTC for paying its debts.
- stickfigure 5y agoEl Salvador does not have its own currency; it has been using USD since 2001. It can't print money either way.